With #BTC there is a strange picture now: the chart is creeping upwards, but it doesn't look like the result of confident purchases.
If we look at the Binance data, it is clear that sellers are acting more actively. This means that the growth is not being formed because someone wants to buy in bulk, but rather in spite of the fact that volumes continue to be dumped into the market.
The movement follows a certain script: price goes up, liquidates short positions, there's a sense of acceleration - and at that moment, sellers come back into play. Then it all repeats.
Basically, the current momentum isn't driven by participant interest but by technical stop-loss liquidations, making it unreliable.
Once this mechanism stops working, it boils down to a simple thing - the balance of supply and demand. If sellers are still stronger, the price starts to drop.
This isn't a direct call to action, just a reminder - the current market behavior can easily be mistaken for the start of a sustained movement, though it could just be a temporary effect.